Block has announced a strategic partnership with Core Scientific to develop new ASIC chips aimed at decentralizing Bitcoin mining. These advanced chips are designed to make mining more accessible and efficient, reducing the dominance of large mining operations and distributing mining power more evenly. The collaboration is expected to drive significant advancements in mining technology, promoting a more decentralized and resilient Bitcoin network. This move aligns with the broader industry trend towards enhancing the security and sustainability of cryptocurrency mining.
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